B2Gold Corp. (NYSEAMERICAN:BTG) Receives $4.85 Consensus Target Price from Analysts

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) have been given an average recommendation of “Moderate Buy” by the four analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $4.85.

A number of brokerages have commented on BTG. Jefferies Financial Group began coverage on shares of B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 target price for the company. Royal Bank of Canada reduced their price objective on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Finally, CIBC cut shares of B2Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $4.20 to $3.60 in a research note on Thursday, January 25th.

B2Gold Stock Down 0.4 %

Shares of B2Gold stock opened at $2.60 on Wednesday. The company has a market capitalization of $3.39 billion, a P/E ratio of 130.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The firm’s 50 day moving average is $2.90. B2Gold has a twelve month low of $2.34 and a twelve month high of $4.29. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $511.97 million for the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Sell-side analysts expect that B2Gold will post 0.23 EPS for the current fiscal year.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 400.20%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its position in B2Gold by 1,523.7% during the 4th quarter. US Bancorp DE now owns 7,891 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 7,405 shares in the last quarter. Independent Wealth Network Inc. purchased a new stake in B2Gold during the 1st quarter worth about $26,000. Stableford Capital II LLC purchased a new stake in B2Gold during the 1st quarter worth about $34,000. C M Bidwell & Associates Ltd. purchased a new stake in B2Gold during the 3rd quarter worth about $35,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in B2Gold during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.